Amazon launches new logistics service, pressuring FedEx and UPS shares down 7-9%.

Amazon has introduced Amazon Supply Chain Services, expanding its freight, distribution, fulfillment, and parcel-shipping services to businesses of all sizes. This move aims to challenge established logistics companies like FedEx and UPS, whose shares fell by 7% and 9% respectively following the announcement. While the launch signals Amazon's ambition to become a major player in logistics, some analysts remain cautious about the immediate disruptive impact on traditional carriers. The development highlights growing competition in the logistics sector as Amazon leverages its infrastructure to offer broader services.